'This Week' Transcript: Gov. Bobby Jindal and Gov. Martin O'Malley

JINDAL: If you heard my friend, Governor O'Malley -- I will get to that question, but, look, Governor O'Malley, he's talked about President Bush several times now. That election was eight years ago. This election, this is a choice between President Obama and his failed policies and Governor Romney. This past week, David Axelrod tried to run against President Nixon. This is not about the past. This is about the future. Secondly, this...

(CROSSTALK)

JINDAL: ... Governor O'Malley is angry at Congress. He needs to be angry at the American people. They elected this Congress to stop some of these Obama policies. And this Congress, by the way...

MORAN: OK, what about his -- what about his...

(CROSSTALK)

JINDAL: ... policies about more domestic energy production. They passed policies...

MORAN: Got it. Got it.

JINDAL: ... to say regulations that cost our economy over $100 million...

MORAN: What -- what about...

JINDAL: ... should come in front of them.

MORAN: OK, filibuster.

JINDAL: They passed policies to rein in the NLRB. In terms of Governor Romney's financial success...

MORAN: Yes.

JINDAL: Look, I'm happy he's a successful businessman. We've got a president today who's never run a business, never run anything including a lemonade stand before he was president of the United States.

O'MALLEY: Governor, what about the Swiss bank accounts?

JINDAL: We can't afford four more years of on-the-job training. Look, the bottom line is, I'm thrilled that Mitt Romney has been successful in the private sector. I want somebody who's got that private-sector experience...

MORAN: But what about his money out of the country?

(CROSSTALK)

MORAN: Is it OK -- is it OK for voters to consider the amount of money that he's put out of the country in tax havens offshore, in secret Bermuda companies? Does that make sense for voters to consider?

JINDAL: Look, I think -- I think voters will consider all of the distractions thrown out by the Obama campaign. But at the end of the day, this election is about two fundamental choices. It's about President Obama, who wants to continue to spend money we don't have. They incurred now $1 trillion-plus deficit every year he's been president, after he promised we'd cut the deficit in half by the end of his first term. He hasn't done that. Promised unemployment would be below 8 percent, hadn't done that, promised he'd reform the entitlement programs, hasn't done that.

We're going the way of Europe. You may have noticed a couple of weeks ago, the German finance minister actually lectured the America -- actually lectured the American president about borrowing. He said, don't tell us what to do until you get your house in order. It's pretty embarrassing when the Europeans are telling us we're spending and borrowing too much...

MORAN: And -- and with those problems...

(CROSSTALK)

JINDAL: There will be a lot of distractions from the Obama campaign...

(CROSSTALK)

MORAN: And with those problems...

JINDAL: But this is about two fundamental choices.

MORAN: Got it. So, Governor O'Malley, it is a distraction, according to the Republicans. This is really just sand in the eyes of the American voter.

O'MALLEY: Oh, it's not a distraction at all. Look...

MORAN: What's the relevance? What's the relevance?

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